Y Intercept Hong Kong Ltd increased its holdings in shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 62.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,097 shares of the company's stock after purchasing an additional 2,739 shares during the period. Y Intercept Hong Kong Ltd's holdings in Bright Horizons Family Solutions were worth $787,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of BFAM. Versant Capital Management Inc bought a new stake in Bright Horizons Family Solutions during the 4th quarter valued at $25,000. True Wealth Design LLC purchased a new stake in shares of Bright Horizons Family Solutions during the 3rd quarter worth $49,000. Capital Performance Advisors LLP bought a new stake in Bright Horizons Family Solutions during the third quarter valued at about $75,000. Daiwa Securities Group Inc. grew its stake in Bright Horizons Family Solutions by 37.2% in the third quarter. Daiwa Securities Group Inc. now owns 535 shares of the company's stock valued at $75,000 after purchasing an additional 145 shares during the last quarter. Finally, Anchor Investment Management LLC raised its holdings in Bright Horizons Family Solutions by 423.2% in the third quarter. Anchor Investment Management LLC now owns 654 shares of the company's stock worth $92,000 after purchasing an additional 529 shares in the last quarter.
Bright Horizons Family Solutions Stock Performance
Shares of BFAM stock traded up $0.07 during mid-day trading on Tuesday, reaching $128.70. The stock had a trading volume of 180,887 shares, compared to its average volume of 425,990. Bright Horizons Family Solutions Inc. has a 1-year low of $100.59 and a 1-year high of $141.90. The firm has a market cap of $7.49 billion, a price-to-earnings ratio of 53.62 and a beta of 1.45. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66. The business's fifty day moving average is $119.32 and its 200-day moving average is $124.34.
Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.88 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.03). Bright Horizons Family Solutions had a return on equity of 13.63% and a net margin of 5.22%. On average, research analysts forecast that Bright Horizons Family Solutions Inc. will post 3.61 earnings per share for the current year.
Analyst Ratings Changes
A number of analysts have recently weighed in on BFAM shares. UBS Group lowered their price target on shares of Bright Horizons Family Solutions from $148.00 to $130.00 and set a "neutral" rating on the stock in a report on Friday, January 24th. The Goldman Sachs Group cut their price target on shares of Bright Horizons Family Solutions from $162.00 to $142.00 and set a "buy" rating on the stock in a report on Friday, December 27th. Robert W. Baird upgraded Bright Horizons Family Solutions from a "neutral" rating to an "outperform" rating and set a $140.00 price objective for the company in a report on Friday, November 22nd. StockNews.com raised Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a research report on Saturday, February 22nd. Finally, BMO Capital Markets upped their target price on Bright Horizons Family Solutions from $127.00 to $146.00 and gave the company an "outperform" rating in a research report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Bright Horizons Family Solutions currently has an average rating of "Moderate Buy" and a consensus price target of $137.67.
Get Our Latest Stock Analysis on BFAM
Bright Horizons Family Solutions Profile
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Free Report)
Bright Horizons Family Solutions Inc provides early education and childcare, back-up care, educational advisory, and other workplace solutions services for employers and families in the United States, Puerto Rico, the United Kingdom, the Netherlands, Australia, and India. The company operates in three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory and Other Services.
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